310 Old Park RD, Dripping Springs TX 78620

Dripping Springs, TX 78620 | Sam Herring Surv #22

Ed's Opinion of Value

$691,980 Ed's Estimate: $1,025,299 $7,000,000
Lowest Comp Recommended List: $682,000 to $692,000 Highest Comp
Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,025,299. To generate strong buyer interest while maximizing value, I'd price this between $682,000 and $692,000. In the current SAM HERRING SURV #22 market with 4 similar homes available, this price represents the 2nd most expensive of 4 comparable homes on the market. This home's larger footprint (270 sqft vs the comp average) plays a role in how the market prices it. The 1978 construction puts this home 31 years older than the comp average, a factor in the pricing. Buyers in SAM HERRING SURV #22 have 4 comparable options right now, with asking prices between $770,000 and $7,000,000. The trend in 78620 shows prices have fallen 6.3% in the past 6 months. 933 Beauchamp RD, Dripping Springs TX 78620 nearby adjusts to $750,558; a strong comparable. 7 comparable transactions in SAM HERRING SURV #22 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
4 Beds
2 Baths 2 Full
2,816 Sq Ft
22.87 Acres
1978 Built

About This Property

Incredible opportunity to own 22-acre property in Dripping Springs, Texas, where possibilities abound. Surrounded by larger acreage tracts and benefiting from a wildlife exemption, this land offers both privacy and potential. Located just 12 minutes from downtown Dripping Springs and 16 minutes from Johnson City, this property strikes the perfect balance between tranquility and convenience.

The existing rock home on the property exudes timeless charm and presents an excellent foundation for your vision. Whether you envision transforming it into a luxurious retreat or preserving its classic allure, the choice is yours.

Situated in close proximity to Dripping Springs, the wedding capital of Texas, this property provides a unique opportunity to tap into the thriving wedding and event industry. With its picturesque charm and nearby wineries and distilleries, this location is perfectly positioned to cater to visitors seeking a memorable experience. Consider creating a sought-after short-term rental that offers a tranquil escape while showcasing the local attractions.

Beyond its potential as a short-term rental, this expansive acreage offers the perfect canvas for a family compound. Build additional residences for extended family members or create a communal space where cherished memories can be made. Let your imagination run wild as you envision recreational amenities and shared spaces that enhance the sense of togetherness.

Don't miss the chance to own this remarkable 22-acre property in Dripping Springs, Texas. With its ag exemption, proximity to larger acreage tracts, and ideal location, this property offers unlimited possibilities for creating your dream home, developing a short-term rental, or establishing a cherished family compound. Take advantage of this opportunity to enjoy the best of privacy, convenience, and the natural beauty of the Hill Country.

Features

  • Primary Bedroom on Main
  • See Remarks

Location

Schools

Property Details

Property Type Residential
Flooring Carpet, Linoleum
Cooling Central Air
Heating Electric
Exterior Private Yard
County Hays
MLS # 2323238

Tax Information

Annual Taxes (MLS) $4,402 (2022)

Listing History

MLS# 2323238 67 days (252 CDOM)
Apr 19, 2024 Off Market
Jan 8, 2024 Listed $950,000

Frequently Asked Questions About 310 Old Park RD, Dripping Springs TX 78620

When was 310 Old Park RD, Dripping Springs TX 78620 built?

310 Old Park RD, Dripping Springs TX 78620 was built in 1978.

How much does 310 Old Park RD, Dripping Springs TX 78620 cost?

310 Old Park RD, Dripping Springs TX 78620 sold on April 19, 2024. Contact us for sale price details.

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